According to BlockBeats, on January 3, the average purchase price of Bitcoin buyers in 2024 was $65,901. As the market price closed at around $93,000 on December 31, the average unrealized profit rate for buyers in 2024 was about 40%.
When the price of Bitcoin falls below the average buy price over the previous period, it often marks a local bottom in price. This happened once after the ETF was launched in January 2024 and several times during the year. Monitoring the average cost of the group is a profitable trading strategy.
Heading into 2025, the average Bitcoin cost around $95,500, with buyers making small profits at the start of the year, with Bitcoin sitting around $96,000 at press time.
